VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2008) - Silvermex Resources Ltd. (the "Company") (TSX VENTURE:SMR - News) announces that further to its news release dated February 26, 2008, it has closed its brokered private placement of 2,411,000 units (the "Units") at a price of $1.00 per Unit for gross proceeds of $2,411,000 and its non-brokered private placement of 495,000 Units for gross proceeds of $495,000. Each Unit consists of one common share and one-half share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder to purchase an additional common share for a period of 12 months from closing at a price of $1.25 per share. The brokered private placement was arranged through Versant Partners Inc. as lead agent and included Canaccord Capital Corporation, with selling group members that included Raymond James Ltd., Bolder Investment Partners, Ltd. and First Canada Capital Partners Inc. (collectively, the "Agents").

ADVERTISEMENT

The Agents' compensation consisted of a cash commission of 8% of the gross proceeds of the brokered private placement. The Agents were also issued compensation options exercisable to acquire that number of Units equal to 8% of the number of Units sold pursuant to the brokered private placement for a period of 12 months following closing at a price of $1.00 per Unit. In addition, the lead agent received a corporate finance fee of $25,000.

The Company paid cash finders' fees totaling $19,200 in respect of the non-brokered private placement.

The common shares and Warrants comprising the Units are subject to a hold period expiring August 5, 2008, as are any common shares issued on exercise of the Warrants (if exercised prior to the expiry of such hold period). The brokered and non-brokered private placement are subject to final TSX Venture Exchange approval.

The proceeds of the private placement are intended to be used to fund work programs on the Company's Penasco Quemado, San Marcial, Lobos, El Rayo and Lety properties in Mexico and for general working capital purposes.

On Behalf of the Board of Directors of Silvermex Resources Ltd.

Bruce Bragagnolo, CEO & Director

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Arturo Bonillas, B.Sc.(Eng) Silvermex Resources Ltd. President 011-52-662-262-1132 Email: arturo@silvermexresources.com  Darcy Krohman, P.Geo., C.A. Silvermex Resources Ltd. Executive Vice-President & CFO (604) 682-4004 (604) 682-4009 (FAX) Email: darcy@silvermexresources.com  Jason Leikam Silvermex Resources Ltd. - Investor Relations Contact Corporate Development (604) 638-8979 Email: jason@silvermexresources.com Website: www.silvermexresources.com